×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Banks to dig deeper into their pockets in new licensing plan

Vocalize Pre-Player Loader

Audio By Vocalize

Central Bank Of Kenya on Haile Selassie Avenue in Nairobi. [Wilberforce Okwiri, Standard]

The cash-strapped Kenya Kwanza administration has devised new plans to increase its revenue from the country's cash-rich lenders, which would result in commercial banks and microfinance institutions in the country paying higher regulatory fees.

The financial institutions in the country will pay higher regulatory fees if the fresh plot by the government to net more revenue from the cash-rich lenders is successful.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Enterprise
Saccos up push to develop new digital loan products
Business
How Uganda outfoxed Ruto into ceding control of Kenya Pipeline
Enterprise
Revealed: Why more local companies are shutting down
By Sofia Ali 4 hrs ago
Enterprise
Africa roots for strong data systems to spur development